Traders, today we saw a textbook market rejection strategy play out. SPY and QQQ both got slammed at the 200-day moving average and anchored VWAP, leading to a nasty fade. This is the moment where discipline pays you.
SPY, QQQ & IWM Breakdown
SPY and QQQ were primed for a breakout—until they weren’t. Resistance held like a steel wall. Now we’ve broken below the 9 and 20-day EMAs. What comes next? Expect a potential gap down and more downside if key zones don’t hold. The IWM is already hanging by a thread with endless bear flags across the board.
Clean Shorts: NVDA & AVGO
NVDA and AVGO are rolling over hard. AVGO might be a little illiquid, but it's a clean bear flag. NVDA looks like a straight breakdown candidate—throw on some puts or trade the shares. AMD could be a reversal candidate, but only if the market traps shorts.
Game Plan for Tomorrow
Stick with liquidity. Stick with the big boys. Everything is moving together—TSLA, MSFT, AAPL, GOOG. If the market gaps down, watch for a flush-and-rip scenario. Otherwise, take scalps and protect your capital.
Tarriff news will be in play all week once again. Be prepared for lot of whipsaws
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